Netflix Canada increasing monthly plan prices by up to 22%

The new pricing will apply to new sign-ups immediately, while current subscribers will be notified by email over the coming weeks before seeing the increase.

Just earlier this week, Comparitech released a study that showed Canadians had the best bang for their buck when it came to Netflix. Unfortunately, a few days later, that no longer appears to be true as Netflix Canada is raising the prices of all their monthly plans by as much as $3/month. Based on the price increase, that drops Netflix Canada from the best value to sixth place on the Netflix value chart. This puts it behind Colombia, India, Mexico, Brazil, and Japan on the list.

As for the increases, the basic plan sees the smallest increase from $8.99CAD to $9.99/month. The standard plan, which offers both HD and streaming to two devices simultaneously, will jump from $10.99 to $13.99/month (a 22% increase). Similarly, the premium plan — which offers UHD 4K content and up to four streams — jumps $3/month to $16.99 (an 18% increase).

The new pricing will apply to new sign-ups immediately, while current subscribers will be notified by email over the coming weeks before seeing the increase, presumably set for January. The streaming company states that the increased fees are necessary to help fund upcoming projects, as well as continue to make improvements to the streaming service.

With Netflix losing big name series like Marvel’s Daredevil and other Marvel shows and facing stiffer competition from other services like Bell’s Crave TV in Canada as well as the upcoming Disney+ streaming service, it’ll be interesting to see what content and improvements they come up with to justify such a steep increase.

The company’s previous increase added a dollar per month to each of its tiers about a year-and-a-half ago.